1. Update on Income Tax

2. Recent RAB’s 2015-15 – Taxability of Estates, Trusts, Beneficiaries
– Total Household Income Defined
– Benefit Received for Services
– Officer Liability
– Statute of Limitations
– Nexus Standards

3. Other Michigan Developments
2014 Processing Update
Five million returns received
Updates to e-filed returns (attachments, e-payments, etc.)
Overhaul of Treasury Website – January of 2016
Offer and Compromise
606 applications received thru 10/2015
Federal Offer in Compromise – 238 applications; 48 accepted; 146 pending review; and 46 rejected
Doubt of Collectability – 311 applications; 76 accepted; remaining are pending processing
Doubt of Liability – 57 applications; 7 accepted; 30 pending; and remaining are rejected
Forms Update
No major changes to Forms expected
Michigan due date is April 18, 2016

4. Other Michigan Developments – Con’t
City of Detroit Income Tax Update
2014 and older periods handled by Detroit
2015 and future periods handled by Treasury
Treasury to start accepting returns in January
Authorized Representatives – POA’s
Income Tax Treatment of Gambling Gains/Losses

5. Michigan Legislative Update
HB 4462 – Timeline for Interest on Refund Claims
Michigan Withholding Update
IBM vs. Treasury

6. Multi State Update
Kentucky:  World Acceptance Corp. v. Ky. Dept. of Rev. – Overruling the Kentucky Board of Tax Appeals, the Franklin Circuit Court ruled that a South Carolina corporation qualified as a common parent corporation and could file a consolidated return with its Kentucky subsidiary because it was an includible corporation in an affiliated group under Ky. Rev. Stat. Ann. § (9)(b)
Connecticut Legislative Update
New York Tax Reform